The price of Dubai swaps, which is a contract settled against physical prices of Dubai crude, rose 5.8% on June 13 to end at ...

India is a net importer of crude oil, with over 40 percent of its supplies sourced from Middle East nations such as Iraq, ...

Recent attacks between Israel and Iran have heightened fears of a larger regional conflict. India is closely monitoring the ...

THE fresh developments surrounding Nigeria’s proposed $5 billion oil-backed loan deal with Saudi Aramco highlight the dangers of the country’s persistent dependence on oil.Reports indicate that the ...

In times of increased tensions in the Middle East, it's more important to focus on what isn't happening than to fixate on the ...

Oil futures jumped as the market reopened Sunday night, building on last week’s surge after Israel attacked Iranian energy ...

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of ...

Global fuel prices have started to surge in the wake of the Iran-Israel conflict, with Brent crude futures rising 9.07% or $6.29 to reach $75.65 per barrel. At one point, prices peaked at $78.50 per ...

The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.

Iran’s oil ministry has confirmed that the Shahran fuel and gasoline depot was hit and set afire during the Israeli attack on ...

The latest escalation in the Middle East has the potential to cause widespread price increases that could set consumers back.